Private consumption main driver of OECD GDP growth in the first quarter of 2013

04/07/2013 - Real GDP in the OECD area rose by 0.4% in the first quarter of 2013, compared with flat growth registered in the previous quarter. Private consumption was the main contributor to overall GDP growth with 0.3 percentage point, while net exports and stockbuilding contributed 0.1 percentage point each. Gross fixed capital formation reduced GDP growth by 0.1 percentage point, while the contribution of government consumption was negligible.

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